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To: DEllilah who wrote (19067)5/28/1999 12:19:00 AM
From: Mary Baker  Read Replies (1) | Respond to of 41369
 
DEllilah...that is a definite consideration...since I have never bought on margin...I did not realize it was tax deductible. But the measly $24 I will pay for 6 months (really less since I am paying some of the loan off each month) doesn't bother me...and I like the fact that I am in control of when I sell or cover and not the brokerage. But...thanks for the tip!

Mary




To: DEllilah who wrote (19067)5/28/1999 9:08:00 AM
From: Guardian  Read Replies (3) | Respond to of 41369
 
unless you're a trader and on mark-to-market accounting, you'd better hope you don't get audited. margin interest as a deductible is limited to only a few filing categories and IMHO investor is not one of them.



To: DEllilah who wrote (19067)5/28/1999 9:30:00 AM
From: Robert Brooks  Read Replies (1) | Respond to of 41369
 
However, at the rate Mary is paying for money (3.9%), she is still better off unless she can find margin interest rate less than 6%.

Regards RB